Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Safety Leadership
• Human Capital Management
• Community Impact
• Responsible Governance

Environmental Achievements

• 67% reduction in methane emissions intensity since 2019
• Exceeded initial goal of reducing GHG emission intensity by 15% relative to 2019 levels
• Recycled approximately 100% of the 11.2 million barrels of flowback and produced water generated from operations
• 40% reduction in total number of reportable spills ≥ 1 bbl compared to 2022
• On track to meet Net Zero Scope 1 and 2 GHG Emissions 2025 goals through direct emissions reductions and verified carbon offsets
• Southwest Pennsylvania Assets received an “A” grade again from MiQ
• Ranked 2nd in methane intensity among proxy peers
• 57% of total water used for operations was reuse water
• Recycled 122% of produced water and flowback volume through our water sharing program
• Range’s Habitat Enhancement Program totals 65 acres
• 86 percent decrease in VOCs since 2019

Social Achievements

• Launched Financial Wellness Program for employees
• Voluntary Employee Turnover rate of 1.6%
• Managers completed 1,020 hours of leadership/management training
• Employees completed 16.6 hours of training on average
• Employees volunteered 3,066 hours (~4 months) in support of community organizations
• Awarded grants to 410 local grassroot nonprofit organizations
• 13% decrease in Total Recordable Incident Rate (TRIR) for contractors in 2023 compared to 2022
• 25 percent decrease in the total number of preventable vehicle incidents since 2020

Governance Achievements

• Earned a “AAA” MSCI ESG Rating
• Ranked 1st among Appalachian producers for the Environmental category in JUST Capital’s Most JUST Companies rankings
• For the third consecutive year, Range was included in Newsweek Magazine’s annual list of America’s Most Responsible Companies
• Enhanced oversight of ESG goals from the Board of Directors ESG and Safety Committee, comprised of Range’s independent directors

Climate Goals & Targets

Environmental Challenges

• Challenges and complexities of achieving Net Zero Scope 1 and Scope 2 GHG emissions by 2025, including variations in emissions reduction rates due to increased drilling and completion activity levels.
• Maintaining a low-cost, resilient production with a competitive emissions profile in a changing energy market.

Mitigation Strategies

• Implementing innovative technologies, design changes, and new processes to reduce emissions.
• Investing in third-party verified carbon credits to offset remaining emissions.
• Developing repeatable methane mitigation strategies, including facility designs and a robust leak detection and repair program.
• Creating an Emissions Reduction Work Group and a dedicated Emissions Management Team to identify and implement innovative technologies and strategies.
• Improving data quality initiatives for accurate emissions calculations.

Supply Chain Management

Supplier Audits: 700 suppliers with MSAs, 260 approved suppliers; 100% of on-site contractors approved by ISNetworld

Responsible Procurement

• Master Service Agreements (MSAs) with suppliers; stringent qualification process for Approved Supplier List (ASL); adherence to safety and environmental standards; prohibition of labor law violations, child labor, illegal substances, and PFAS/PFOS.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts
• Declines in natural gas demand under certain scenarios

Opportunities

• Industry leadership in achieving Net Zero emissions; responsible energy provider; operational efficiencies; market demand for natural gas as a cleaner fuel; resilience of NGL production.

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, IPIECA, AXPC ESG Metrics Framework

Certifications: MiQ (A grade)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Independently Certified Gas (MiQ)

Awards & Recognition

• AAA MSCI ESG Rating
• Newsweek’s America’s Most Responsible Companies